LV= General Insurance has signed a data science partnership with the University of Bristol aimed at better understanding how the company - as well as the insurance market - can benefit from machine learning and artificial intelligence.
The initiative will be led by a team of data scientists and data engineers, based within the university’s School of Engineering and Computing.
The partnership will see LV= staff deliver lectures and help supervise student projects in support of young data scientists. Internships will also be available at the insurer, and the development of a co-designed MSc programme is to be explored as well.
In addition, researchers from the Faculty of Social Sciences and Law will investigate societal challenges and the opportunities brought about by digital technologies.
LV= chief executive Steve Treloar said: “As an industry, it’s absolutely crucial that we recognise the dramatic leaps that technology has made in the past few years, and look at how we can harness that for the ultimate benefit of our customers. We are confident that this tie-up with the University of Bristol will be hugely beneficial for both parties and we’re excited to see what comes from it.
“The University is one of the best in the country with exceptionally strong expertise in the fields of data science and digital, so we’re excited to see what we can learn from one another and the synergies we can make."
Professor Guy Orpen, University of Bristol deputy vice-chancellor for new campus development, added: “Our students and staff will have a fantastic opportunity to work with and learn from an innovative sector leader. The partnership will be a key component in fulfilling our vision as we develop a world-class venue for research, partnership, and innovation at our new Temple Quarter Enterprise Campus.
“The innovative nature of the relationship, spanning multiple faculties, research, and teaching will provide an invaluable forum for tackling some of the greatest societal and economic problems of our time."